Help & Advice

Documentation

Tim Carpenter, Car Finance Expert

Tim Carepenter

4 stars -
"Documentation"

Whether you live in England, Wales, Scotland or Northern Ireland, the documents you need to show us when making an application for car finance are broadly the same. Some applications, though, might require additional documents, depending on your circumstances.

In general, a lender will need to see proof of licence, proof of income and proof of address.

Proof of income is usually in the form of payslips or bank statements and proof of address tends to be from a utility bill although other documentation is accepted. Upon approval, a lender will identify which of these it is that they in particular need the customer to provide.

This basic documentation will be needed regardless of whether your credit is excellent or poor. We do, in fact, work with a number of lenders that can help those with bad credit, including those that have been refused elsewhere.

The precise documentation you may be asked to provide of course, may vary from one finance provider to another and there may be additional documentation that you need to provide on top of the basic stated above. This will be communicated with you upon approval.

For example, if you’re self-employed, you may need to furnish the accounts of your business or the bank account through which your business activity is transacted for one lender but may not need to for another.

We can help customers from throughout the UK with car finance, and we do still have finance options available for those that have less than 3 years’ address history.

We can help those that have previously had driving convictions or bans too – provided that you aren’t currently banned from driving and subject to additional checks.

Of course, no car finance provider can guarantee the offer of a car loan, but we do our best to consider all financial circumstances (e.g. employed, self-employed, in receipt of benefits etc.)

Remember, it’s not just car finance that we can offer – we can offer finance on vans, motorbikes, motorhomes and taxis too!

Whether you live in England, Wales, Scotland or Northern Ireland, the documents you need to show us when making an application for car finance are broadly the same. Some applications, though, might require additional documents, depending on your circumstances.

In general, a lender will need to see proof of licence, proof of income and proof of address.

Proof of income is usually in the form of payslips or bank statements and proof of address tends to be from a utility bill although other documentation is accepted. Upon approval, a lender will identify which of these it is that they in particular need the customer to provide.

This basic documentation will be needed regardless of whether your credit is excellent or poor. We do, in fact, work with a number of lenders that can help those with bad credit, including those that have been refused elsewhere.

The precise documentation you may be asked to provide of course, may vary from one finance provider to another and there may be additional documentation that you need to provide on top of the basic stated above. This will be communicated with you upon approval.

For example, if you’re self-employed, you may need to furnish the accounts of your business or the bank account through which your business activity is transacted for one lender but may not need to for another.

We can help customers from throughout the UK with car finance, and we do still have finance options available for those that have less than 3 years’ address history.

We can help those that have previously had driving convictions or bans too – provided that you aren’t currently banned from driving and subject to additional checks.

Of course, no car finance provider can guarantee the offer of a car loan, but we do our best to consider all financial circumstances (e.g. employed, self-employed, in receipt of benefits etc.)

Remember, it’s not just car finance that we can offer – we can offer finance on vans, motorbikes, motorhomes and taxis too!

Representative example:

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

Rates may differ as they are dependent on individual circumstances. Subject to status.

We compare products from 16 of the UK's top lenders to get you the best deal.

Representative example:

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

Rates may differ as they are dependent on individual circumstances. Subject to status.

We compare products from 16 of the UK's top lenders to get you the best deal.

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CarFinance 247 Limited is a credit broker and also operates as a lender under the trading name of 247Money.

All finance is subject to status and income. Written quotations on request. CarFinance 247 can introduce you to a limited number of finance providers, including 247Money, based upon your credit rating and will receive commission for such introductions.

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† We do not charge a fee for arranging the finance, however some of our lenders may charge a fee. Your customer service specialist can provide more information on this